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Proposed Revision of SA 600 for Public Comments: Group Audits
PROPOSED REVISION IN SA 600 FOR PUBLIC COMMENTS SA 600 (REVISED), SPECIAL CONSIDERATIONS- AUDITS OF GROUP FINANCIAL STATEMENTS (INCLUDING THE WORK OF COMPONENT AUDITORS) Public Consultation and Reques...
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Tragic Loss of Anna Perayil: A Plea to Reform Work Culture at EY
In a heart-wrenching letter, Anita Augustine, the mother of Anna Sebastian Perayil, addresses Rajiv Memani, Chairman of EY India, about the devastating loss of her daughter. Anna, a young Chartered Ac...
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CA Final Live Virtual Classes for May 2025 Exams: Schedule & Features
The Institute of Chartered Accountants of India (ICAI) has announced the commencement of free live virtual classes for students preparing for the CA Final exams in May 2025. These sessions will begin...
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ICAI President’s Message – September 2024
Institute of Chartered Accountants of India (ICAI) underscores the accounting profession’s critical role in fostering sustainable development amidst global climate challenges. The message emphasizes t...
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ICAI Introduces Audit Quality Maturity Model Version 2.0
The Institute of Chartered Accountants of India (ICAI) has launched the Audit Quality Maturity Model version 2.0 (AQMM v 2.0), following the mandatory implementation of version 1.0 from April 1, 2023....
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Filing of PAS-6 by Private Limited Companies: A Comprehensive Guide
What is e-Form PAS-6?e-Form PAS-6 is a half-yearly reconciliation report that identifies discrepancies between the issued capital and dematerialized capital. It helps track and report any mismatches i...
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Section 43B of the Income Tax Act: Implications for Service Tax/GST
Understanding Section 43BSection 43B of the Income Tax Act, 1961, is a vital provision that ensures deductions for certain expenses are allowed only on actual payment. This section was introduced to p...
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ICAI President’s August 2024 Message: Exam Results & Economic Insights
In August 2024, ICAI President CA. Ranjeet Kumar Agarwal underscores India’s economic transformation, driven by a robust 8.2% GDP growth in FY24 and favorable budget proposals. Celebrating India’s pro...
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Exposure Draft on Proposed Revisions to ‘IES 2, 3 & 4 – Sustainability’
The Institute of Chartered Accountants of India (ICAI), as a member of IFAC, plays a significant role in advocating for high-quality global accountancy education through its participation in IPAE. IPA...
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ICSI Announcement: Additional Attempt for 2017 Old Syllabus Students
The Institute of Company Secretaries of India (ICSI) has recently made a significant announcement affecting students enrolled in the Executive and Professional Programme under the 2017 old syllabus. T...
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ICSI Advisory on penalties for misusing ‘CS’ designation
The Institute of Company Secretaries of India (ICSI) has issued an important advisory to its students and other individuals regarding the misuse of the ‘CS’ prefix and related designations. This advis...
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ICAI Imposes 5-Year Debarment for Mobile Phone Use in May 2024 Exams
The Examination Department of the Institute of Chartered Accountants of India (ICAI) issued an important announcement on 4th June 2024, regarding stringent action against candidates who engaged in unf...
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ICAI Launches SPMT Portal for Self-Paced Module Tests
The Institute of Chartered Accountants of India (ICAI) continues to revolutionize its examination process with the introduction of the Self-Paced Module Test (SPMT) Portal. This significant developmen...
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ICAI President’s Message – June 2024
In his June 2024 message, ICAI President Ranjeet Kumar Agarwal highlights the crucial role of Micro, Small, and Medium Enterprises (MSMEs) in India’s economic future, emphasizing their contribution to...
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Key Decisions by ICSI in May 2024 Council Meeting
The Institute of Company Secretaries of India (ICSI), a statutory body under the jurisdiction of the Ministry of Corporate Affairs, held its 309th Council meeting on the 5th and 6th of May, 2024. This...
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ICAI Launches Self-Paced Module Test Portal: Register Now!
The Institute of Chartered Accountants of India (ICAI) continues to revolutionize its examination system with the introduction of the Self-Paced Module Test (SPMT) Portal. This initiative, set up by a...
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Time Table of CA Final/IPC/Foundation/Intermediate September 2024 Exams
ICAI declares Schedule of examination to be held in September 2024 Exams for next Chartered Accountants Foundation Course, Intermediate and Final Examinations, Examinations in Post Qualification Cours...
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CAS-2 (Revised 2024) Cost Accounting Standard on Capacity Determination
The Institute of Cost Accountants of India has issued a revised version of the Cost Accounting Standard – 2 (CAS-2) on Capacity Determination, effective from April 1, 2024. This update supersedes the...
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ICAI BoS Publications: September 2024 Foundation & Intermediate Course Exam
The Institute of Chartered Accountants of India has released the applicable publications for the September 2024 exams for both Foundation and Intermediate courses. For Foundation, papers cover Account...
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MCA Invites Comments on Review of 5 Rules under CA, CWA and CS Acts
Introduction: The Ministry of Corporate Affairs (MCA) has initiated a comprehensive review of rules prescribed under the Chartered Accountants Act, 1949, the Cost and Works Accountants Act, 1959, and...